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This is a news compilation setting the record straight on the day’s top anti-oil and gas stories and providing research and facts to counter misinformation about the oil and gas industry.
Activist David Suzuki pushes carbon tax but neglects aspects of tax that can negatively affect the economy.
Alberta and B.C.’s carbon tax didn’t reduce emissions and Canada’s energy-intensive trade-exposed industries are still at risk of carbon leakage.
- Despite Suzuki noting that Canadians produce the highest per capita emissions, Canada produces fewer emissions per unit of energy used than the European Union, India, China, and the United States.
- A recent report from the Canadian Energy Research Institute shows that neither Alberta nor B.C.’s carbon tax reduced emissions. Emissions increased in both cases.
- In a study on energy-intensive trade-exposed industries, the Conference Board of Canada found that the federal carbon tax is twice as high and covers four times as much of the economy as our trading peers, which increases the risk of carbon leakage.
- Navius Research also found that aluminum production, an emissions-intensive trade-exposed industry, is susceptible to carbon leakage. However, by keeping emissions in Canada, they found that global emissions decreased by 1,600,000 tonnes,
- The Conference Board of Canada found that carbon pricing could negatively impact Canadian lives by displacing nearly 94,000 jobs and $21.1 billion from the country’s GDP. This is around $550 per tonne of emissions shifted or reduced.
Here are some stories that get it right, or mostly right.
A recent study done by researchers at the University of Ottawa found that Canadians views on energy aren’t as divided as it might seem. The results suggest that most Canadians are generally optimistic that Canada can align climate action with oil and gas development — including through ambitious climate policies, a growing and environmentally responsible oil and gas sector, and a strong export market that reduces emissions abroad.